The Surf Report

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Quote from sportsguy:

The amount of ego driven drivel that has run up the page count about other people's trading style on this thread is about as childish as adults can get

sportsguy
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Wrong again Pinocchio.

We established that Surf doesn't trade, and that he doesn't trade real money a long time ago.

... and from a psychological point of view, you can't tell me that money doesn't inspire narcissistic behavior in the absence of real life. . .

sportsguy
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And as far as having a "real life" is concenred, LMAO, competion is what men do ... so try not to get your panties all bunched up about it.

But just to add some humor, as I am glad that surf doesn't take the drivel bait most times. . . should surf go all in below?

sportsguy
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No need for more humor, we get enough from Surf's calls (as well as a truly primo heads-up indicator to take the opposite direction). :p

Jimmy Jam

P.S. Did you get you "LIVE CALL" itch scratched, Surf ... it's pretty amazing how everyone who drops by your thread ends up taking ownage of it, or maybe not. :D
 
Quote from Thunderdog:

I'm just curious, surf. Since you admit that you can't time the markets perfectly (a condition that most of us suffer, some worse than others), then what prevents you from using smaller protective stops? Since you are principally looking to capture the larger moves, you would understandably avoid tiny stops so as not to get repeatedly whipsawed in your quest for the "big one.". However, I cannot quite understand the rationale for wide, yawning stops (essentially non-stops). For someone who readily admits to being timing impaired, you certainly do not act like it, by taking the protective measures that help ensure solvency. It does not necessarily have to be either extreme, does it: either tiny stops or none at all? Are not (reasonable) protective stops the practical and empirical admission of imperfect timing? And is not the absence of meaningful protective stops the implied belief in infallible judgment?

P.S. Admittedly, my use of the words "meaningful" and "reasonable" are relative to the potential move. However, historically, your stops have shown themselves to be relatively too large. Further, have you not recognized the numerous opportunities to re-enter your various positions had you used smaller stops? True, I speak in hindsight. But it keeps repeating itself over and over.
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a very cogent and timely post, tdog. i'll do my best to answer you in an understandable manner.

i trade the indexes with two separate and distinct tactics. tactic number one ( coulda woulda shoulda followed this one presently!)
is the channel trade--- this is mechanical entry at the breaking by the parameters of upper or lower level in the direction of the move. there are strict stops on the entry when trading this tactic-- when price moves back into the channel the trade is closed immediately---however should the trade be profitable--the taking profit stop is fluid and based on a myriad of factors from TA, fundamentals, news, intuition, discussions, etc. i believe that fixed stops, once in a profitable position, do not allow for the proper adaptation to the market in the now and actually hurt more than help.

the second tactic is the more intuitive interpretation of assorted information with several averaging in entries as the timing is often early.


NO, the lack of tight stops certainly does not portend to reflect a belief in infallibility. however, it does indicate a certain confidence borne from time spent doing such things. remember, these trades are positioned sized properly to ride the swings-- that is the key to be able to stay in the trade, not fixed stops then paying the vig to get back in. the vig will kill you in this game--i learned this a long time ago.

regards,

surf
 
Quote from JimmyJam:

...And as far as having a "real life" is concenred, LMAO, competion is what men do ... so try not to get your panties all bunched up about it...
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Yes, and <b>real men </b> do so on an anonymous internet forum.
 
Quote from sportsguy:

The amount of ego driven drivel that has run up the page count about other people's trading style on this thread is about as childish as adults can get. . . . and from a psychological point of view, you can't tell me that money doesn't inspire narcissistic behavior in the absence of real life. . .


sportsguy
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hey SG,

it's generally the lack of money in most of these characters that cause the vitriol.

surf
 
82m2qe9.jpg




what a cold and windy day in the city, however nice and toasty in here with even warmer companionship.....

well fed and ready to face the day on monday. holding YM and oil SHORT for now.

regards,

surf
 
Quote from marketsurfer:

wong--the restaurant?

pinocchio could buy you 10 times over, JJ. your better think long and hard about who you MAY be talking to prior making ignorant statements.

surf
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LOL

Exactly what part of my comments were ignorant?

1) I said you don't make real trades with live money on this thread. You most definitely do not, so that statement is correct.

2) I said men are competitive ... well 99% of the men I know are, so that is also correct.

3) I said your calls are a great fade ... OK, I was a little off there, your trades are actually THE BEST fade on Elite Trader, or anywhere else I've seen, for that matter. You really should think about packaging them and selling them on the market. Just think, it would be the first time in the history of vending that the client would be the one making all the money!!!!!
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And as far as Pinocchio being right about money inspiring narcissism?

If what you're saying is true, then I guess he would know ... :D

Having lots of money is the least of all human accomplishments Surfie, haven't you figured that one out yet?

... and for the record, how much money he has doesn't mean jack shit to me (this isn't a socialist system here).

Yawn,

Jimmy Jam
 
ROTFLMAO

Why don't you have them delete everyone's live calls as well (you know, the one's where they totally spank your ass). This way you can say that no one ever made a live call on your thread, and that you're the best trader there is! :p

JJ
 
Quote from marketsurfer:

a very cogent and timely post, tdog. i'll do my best to answer you in an understandable manner.

i trade the indexes with two separate and distinct tactics. tactic number one ( coulda woulda shoulda followed this one presently!)
is the channel trade--- this is mechanical entry at the breaking by the parameters of upper or lower level in the direction of the move. there are strict stops on the entry when trading this tactic-- when price moves back into the channel the trade is closed immediately---however should the trade be profitable--the taking profit stop is fluid and based on a myriad of factors from TA, fundamentals, news, intuition, discussions, etc. i believe that fixed stops, once in a profitable position, do not allow for the proper adaptation to the market in the now and actually hurt more than help.

the second tactic is the more intuitive interpretation of assorted information with several averaging in entries as the timing is often early.


NO, the lack of tight stops certainly does not portend to reflect a belief in infallibility. however, it does indicate a certain confidence borne from time spent doing such things. remember, these trades are positioned sized properly to ride the swings-- that is the key to be able to stay in the trade, not fixed stops then paying the vig to get back in. the vig will kill you in this game--i learned this a long time ago.

regards,

surf
More...
IOW, yadda yadda yadda.

I hate using stops because I'm never wrong, (I just enter trades against the trend, enter trades too early, and pretend to be trading the curriences, when actually I'm not).

You don't believe me, just check out my Journal. :D


Regards,

Smurf:D :D

P.S. It doesn't really matter, since I'm only paper trading anyway. So the joke is on those other clowns.
 
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